Report Highlights
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In 2009, the market for weight loss products and services was worth nearly $121 billion. BCC anticipates this market will expand at a compound annual growth rate (CAGR) of 2.2% during the forecast period, resulting in a projected market size of more than $134 billion in 2014.
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Foods and beverages are the largest category in the ingested goods market. This segment was valued at nearly $79 billion in 2009. Food movements, growing sub-segments, and healthy eating trends should drive growth in this sector at a 2% compound annual growth rate (CAGR) to reach more than $86 billion by 2014.
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Nutraceuticals are the second-largest product segment, after foods and beverages. Retail sales in 2009 topped $3.6 billion and are expected to grow at about a 1.4% compound annual growth rate (CAGR) through 2014 to reach $3.9 billion.
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Report Highlights
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The total retail market for weight loss products and services in the U.S. was $84.7 billion in 2002. This market is expected to grow at an AAGR (average annual growth rate) of 13.2% through 2007 to $157.6 billion.
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Low calories foods are the largest segment with sales of $51.9 billion in 2002
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Taste and quality improvements will lead this category to nearly double by 2007.
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Low calories beverages make up the second largest category, led by exceptional growth of noncarbonated beverages, including refreshment, sports, energy and nutraceutical products.
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Supplements are the third largest product/service segment, with retail sales also expected to almost double by 2007.
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Of pharmaceuticals, only two current products are being prescribed in volume and that volume is rapidly decreasing due to their side effects.
Report Highlights
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The increasing awareness of overweight consumers to become dieters as a means of promoting good health and avoid health risks linked with obesity will fuel growth of weight loss products. BCC forecasts that total sales for weight loss supplements, foods, and beverages will increase from $19.1 billion in 1999 to $23.8 billion in 2004, at the rate of 4.5% per year. Most of these products are available in any type of retailing outlet, including retailers - so dieters find product selection easy and convenient.
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BCC estimates that the sales for total foods and beverages to aid weight loss will have the larger share (76%) of sales, but faster growth is projected for supplements. Sales for foods and beverages will increase from $14.5 billion in 1999 to $17.4 billion in 2004, at the rate of 3.7%. Dieters, like any type of consumer, would be more familiar with foods and beverages than with supplements, which are used by only a certain segment of the population.
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For weight loss supplements, BCC forecasts that sales will increase from $4.6 billion in 1999 to $6.3 billion in 2004, at the rate of 6.7% per year.
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